SoFi offers its members a dividend reinvestment (DRIP) feature that can be enabled for each Active Invest account the member has at SoFi. Once an account is enabled, all eligible dividends in that account will be reinvested directly into the security or holding that paid the dividend.
The price at which the reinvestment is made is determined by the market at the time the reinvestment is made, typically within three business days of the dividend pay date.